AN ACT relating to blighted and deteriorated properties.
Amend KRS 99.705 to define "alternative entity" and "local government"; amend KRS 99.710 to expand the availability of spot condemnation to all forms of local government; allow the duties that could be fulfilled by a vacant property review commission to be assigned to an alternative entity with a similar mission; create a new section of KRS 99.705 to 99.730 to establish a tax delinquency diversion program for blighted property; amend KRS 99.700, 99.715, 99.720, 99.725, and 99.730 to conform; amend KRS 416.540 to define "government lien" and "local government" and make technical corrections; amend KRS 416.570 to provide that a petition filed for a condemnation instituted pursuant to KRS 99.700 to 99.730 include certification of the assessment made by the property valuation administrator, a list of all government liens against the property and the amount due, and an estimate of the expense necessary to bring the property up to code; amend KRS 416.580 to provide that the presumed fair market value of property in eminent domain proceedings brought under KRS 99.700 to 99.730 shall be the assessed value as established by the property valuation administrator reduced by the total amount of all government liens and the estimated cost of repairs necessary to bring the property up to code; provide that the presumption may be rebutted by the property owner through submission of an independent appraisal establishing a different fair market value; amend KRS 416.610 and 416.660 to conform; amend KRS 134.128 and 134.504 to reference the tax delinquency diversion program established by Section 8 of the Act.

HFA (1, J. Jenkins) - Revise the definition of "alternative entity" to better describe the types of entity that will qualify.HFA (2, J. Jenkins) - Revise the definition of "alternative entity" to be "alternative government entity," and to better describe the types of entity that will qualify.